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December 14, 2007



The trustees of the Maine Higher Education Assistance Foundation (MEHEAF) has awarded a $1,000 scholarship to UMFK student Brenda Caron of Fort Kent. Bankers Association President, Joseph J. Pietroski, Jr., and Joseph Murphy, president and chief executive officer of Bar Harbor Bankshares, made the presentation to Caron at a special luncheon held at the University of Maine at Fort Kent’s Acadia House with members of the UMFK community and Brenda’s husband, Reno, and daughter, Michelle, in attendance. UMFK President, Dr. Richard W. Cost, and his wife, Ellen, hosted the luncheon. Brenda is a senior pursuing a double major in Business Management and Behavioral Science. She maintains a high grade-point average. She and her husband have three children, Shawn (a UMFK graduate), Michelle (currently a UMFK nursing students), and Danielle. In addition to the MEHEAF scholarship, Brenda has been the recipient of the Associate of Arts Academic Achievement Award; the Alumni Association Scholarship; and the Jonathan and Dawn S. Moirs Scholarship. The Maine Higher Education Assistance Foundation (MeHEAF) was established in the 1950s to support a guarantee fund for student loans. The founders included a wide range of banks, businesses, community organizations, and individuals. In 1990, the MeHEAF trustees -- the Maine Bankers Association board of directors -- seeking to continue the original intent of its founding members, began a scholarship program funded by the return of its original loan guarantee funds. This year, MeHEAF trustees selected students at thirteen Maine colleges and universities to receive $13,000 in scholarships. Participating schools select scholarship recipients who are in their second, third, or fourth year of study and who are Maine high school graduates majoring in a business-related subject. Recipients are chosen based upon academic standing and financial need. All scholarships are awarded for second semester expenses. Since 1990, a total of $215,400 in MeHEAF scholarships has been awarded. ###